Update your space and get incentives
Large commercial, industrial, non-profit, governmental and institutional customers can earn incentives for making electric and natural gas energy efficiency improvements.
The program encourages energy-saving projects involving the installation of new, high-efficiency equipment or systems. Prescriptive incentives reward eligible customers replacing less efficient equipment on a one-for-one basis with pre-defined energy-saving technologies.
What types of projects qualify?
Eligible projects consist of a one-for-one retrofit or replacement of existing equipment/systems with efficient equipment. Projects can include lighting products, space heating systems and controls, steam trap repair and replacement and boiler burner controls. All projects must be completed by November 12, 2021 in order to be eligible for an incentive. Applications must be submitted within 90 days of measure(s) installation.
If the project’s estimated incentive exceeds $10,000, it requires pre-approval before purchase and installation of efficient equipment. See our Custom Incentive Program for more details regarding the approval process.
Eligible NIPSCO customers include those currently billed under electric Rates 720, 721, 722, 723, 724, 725, 726, 732, 733, 734, 741 or 744 and natural gas Rates 121, 125, and 151 (NIPSCO’s DependaBill rate).
How to apply
Step 1 – Review measure list to ensure your project qualified for incentives. After verifying eligibility, apply via one of the methods below:
Need help completing the Excel Application? Watch this tutorial for step-by-step instructions.
Step 2 – If you opt for the Excel application, please send the completed file and supporting documentation listed below to NIPSCO.Savings@lmco.com. If electronic submission is not possible, the application and supporting documents can be faxed to 1-800-304-4550. Required documentation:
- Product specifications of efficient equipment
- Project invoices
- Tax exempt letter (if applicable)
Step 3 – Applications are reviewed in the order that they are received. Complete applications are processed for review within three business days of submission.
Step 4 – Incentive checks typically arrive within 6-8 weeks.
Trade Ally information
Our Trade Allies can help you get started today! Trade Allies are suppliers, firms or contractors that are involved in the installation of high-efficiency equipment or systems and have been pre-approved by Lockheed Martin. Find a Trade Ally* for your project. Interested in being a part of our Trade Ally Network? Complete and submit the Trade Ally Application.*
NIPSCO’s commercial, industrial and non-profit energy efficiency programs are administered by Lockheed Martin, a third-party implementation specialist that helps businesses save energy.
*Clicking on the above link takes the user to webpages operated and maintained by a third-party provider of energy efficiency and energy saving services not owned by or affiliated with NIPSCO. The link is provided as a convenience by NIPSCO, and NIPSCO does not make any representations or warranties regarding the security of the website or the provision of goods and services by the third party provider. NIPSCO disclaims any and all liability that may arise from the use of third party websites.